Yunnan provincial government and China Unicom sign strategic cooperation framework agreement
According to the agreement, the two sides will deepen cooperation in fields such as new digital infrastructure construction, 5G innovation and integrated application, information technology to enable manufacturing, digital development of rural and characteristic industries, and the drone industry.
Express News | Insurance appeared as the top ten tradable shareholders with 466 individual shares in the first quarter
Express News | Zhang Yongwei: The “internal volume” of the automotive industry is an intelligent “upward internal volume”
Express News | Some inter-operator communications in Beijing have trouble dialing or cannot be reached
China Unicom (600050): Continuously optimizing the revenue structure, Unicom Cloud maintains a relatively rapid growth rate
Incident: China Unicom released its 2024 quarterly report. In the first quarter of 2024, the company achieved operating income of 99.496 billion yuan, an increase of 2.3% year on year; net profit to mother was 2,447 billion yuan, an increase of 8.0% year on year;
Express News | China Unicom Internet of Vehicles Conference focuses on “big AI models”, “cars going overseas”, etc.
Research Report Nuggets丨China Merchants Securities: China Unicom's total Q1 profit maintained a double-digit growth rate and maintained a “highly recommended” rating
Gelonghui, April 23 | China Merchants Securities Research Report pointed out that China Unicom (600050.SH)'s revenue and performance in the first quarter increased steadily, and reforms and innovation continued to advance. Q1's main business revenue reached 89.043 billion yuan, up 3.4% year on year; net profit to mother reached 2,447 billion yuan, up 8.0% year on year; total profit reached 7.169 billion yuan, up 10.0% year on year, maintaining a double digit growth rate. The company insists on high-quality development, focusing on the network power and digital China. The basic business of networked communication is developing steadily, and the user structure has improved markedly. The company thoroughly implements networked communication development and network computing
China Unicom (600050): Computing Network Digital Intelligence Business Continues to Step Up and Accelerate the Layout of Digital Infrastructure
Incident: The company released its report for the first quarter of 2024 on April 19. In the first quarter of 2024, the company achieved operating income of 99.496 billion yuan, an increase of 2.3% over the previous year, and achieved net profit of 2,447 billion yuan.
China Unicom (600050): Steady growth in performance and improvement in profitability
Investment highlights The company's total profit in the first quarter of '24 achieved double-digit growth in the first quarter of 2024. The company's performance grew steadily. Operating revenue reached 99.496 billion yuan, up 2.3% year on year, and main business revenue reached 890.4
Big Bank Ratings | Damo: Maintaining China Unicom's “Accumulation” Rating First Quarter Results Are in Line with Expectations
According to a research report published by Morgan Stanley, China Unicom's first-quarter results were in line with expectations. Service revenue increased by 3.4% year-on-year. Among them, revenue from the Networked ICT business and Networked Digital Intelligence business both grew steadily, and Unicom's cloud revenue increased 30% year-on-year. The company's net profit for the first quarter exceeded 5.6 billion yuan, an increase of 8.9% year-on-year. Although it was in line with Damo's expectations, it was slightly lower than the company's full-year double-digit growth guide. Damo generally kept its profit forecast unchanged. The investment rating is still “increase in holdings”, with a target price of HK$6.5.
China Unicom's Q1 Profit Jumps 10% as Revenue Rises 2%
China United Network Communications Group's (SHA:600050) attributable profit rose 10% year over year to 7.17 billion yuan in the first quarter, according to a Monday filing with the Shanghai bourse. E
Research and Development | Huatai Securities: Maintaining Unicom's “Buy” Rating Performance and Maintaining Steady Growth
Gelonghui, April 22 | Huatai Securities released a report stating that Unicom's performance has been growing steadily and increasing its scale and value. The company's A-share revenue for the first quarter was 99.496 billion yuan, up 2.3% year-on-year; net profit was 2,447 billion yuan, up 8% year-on-year. The company focused on high-quality development and maintained steady growth in revenue and profit. The bank is optimistic about the company's development in the context of digital China construction. The book value of each share of the company's H shares from 2024 to 2026 is 12.13/12.84/13.62 yuan, respectively. Considering the impact of US Executive Order 13959, H shares will be given 0.61 times 2024
Bank Ratings | Bank of China International: Reiterates China Unicom's “Buy” Rating The Mainland's Telecom Industry Rebounded Healthily in March
Gelonghui, April 22 | Bank of China International published a research report showing that China Unicom's profit for the first quarter increased by 8.9% year-on-year and service revenue by 4.8% year-on-year, reflecting a healthy rebound in the mainland telecommunications industry in March and healthy competition in the service market. The bank believes that the next wave of mobile data traffic growth is likely to be driven by the popularity of artificial intelligence applications in mobile phones, and telecom operators will benefit from data traffic and customized “computing power.” The bank maintained the target price of HK$7.47 and reaffirmed the “buy” rating. According to Bank of China International, Unicom's telecommunications service revenue for the first quarter increased 4.8% year-on-year to 78.6 billion yuan, higher than the Mainland Ministry of Industry and Information Technology for January and/
UBS: Target price of HK$7.5 for a “buy” rating for China Unicom (00762)
China Unicom (00762) remains unchanged in its full-year guidance, and its net profit growth for the 2024 fiscal year is expected to reach double digits.
Selected announcements | China Tower's Q1 net profit increased 11.1%; China Unicom's Q1 net profit increased 8.9%
The number of passengers carried by Cathay Pacific increased by 40% in March; China Telecom increased the net number of users by 1.91 million in March.
Guolian Securities released a research report on April 21 stating that it gave China Unicom (600050.SH) a purchase rating, and the target price was 5.85 yuan. The main reasons for the rating include: 1) the revenue structure continues to be optimized, and
Guolian Securities released a research report on April 21 stating that it gave China Unicom (600050.SH) a purchase rating, and the target price was 5.85 yuan. The main reasons for the rating include: 1) the revenue structure continues to be optimized, and Unicom Cloud maintains rapid growth; 2) 5G network coverage continues to improve, and the 5G package penetration rate increases to 80%; 3) profitability continues to improve, and a strong scientific and technological innovation engine. (Mainichi Keizai Shimbun)
Hong Kong Stock Announcement Nuggets | China Unicom's profit attributable to shareholders of RMB 5.613 billion increased 8.9% year-on-year in the first quarter
China Unicom's profit attributable to shareholders of 5.613 billion yuan in the first quarter increased 8.9% year on year; China Tower achieved operating income of 23.974 billion yuan in the first quarter, an increase of 3.3% year on year
Minsheng Securities released a research report on April 21 stating that it gave China Unicom (600050.SH) a recommended rating. The main reasons for the rating include: 1) 24Q1 deducted non-net profit to achieve double-digit growth, and the share of digita
Minsheng Securities released a research report on April 21 stating that it gave China Unicom (600050.SH) a recommended rating. The main reasons for the rating include: 1) 24Q1 deducted non-net profit to achieve double-digit growth, and the share of digital intelligence revenue increased steadily; 2) the company continued to promote digital intelligence upgrades, and the Beijing Unicom Artificial Intelligence Computing Power Center was lit up; 3) mobile and fixed network users continued to grow in March. (Mainichi Keizai Shimbun)
China Unicom (600050): The computing and digital intelligence business is growing rapidly, and the company's profitability continues to improve
Incident: On April 19, 2024, the company released its report for the first quarter of 2024: achieved operating income of 99.496 billion yuan, an increase of 2.3% year on year; net profit to mother was 2,447 billion yuan, an increase of 8% year on year; deducted
China Unicom (600050) 2024 Quarterly Report Review: Deducting non-net profit to achieve double-digit growth, and the company's operating quality continues to improve
Incidents. On the evening of April 19, the company disclosed its 2024 quarterly report. The company's revenue reached 99.496 billion yuan, an increase of 2.3% over the previous year, and net profit deducted from non-return to mother during the same period reached 2,238 billion yuan, an increase of 11.0 billion yuan over the same period
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